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Cummins CMI Total Segment — CapEx

Other segment segments

Engine
$518M-6.8%
Components
$336M-0.9%
Power Systems
$222M+55.2%
Distribution
$127M+14.4%
Accelera
$32M-45.8%

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$389K+924%
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DXPETotal Reportable Segments — CapEx
$2.37M-9.2%
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$416K-79.5%
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CCKTotal reportable segments — CapEx
$82M+148%
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OCTotal Segments — Property, plant and equipment, additions
$189M+17.4%

Other financials

Income statement

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Revenue$8.4B+2.7%
Gross profit$2.2B+4.1%
Operating income$949.0M-16.3%
Net income$680.0M-20.0%
EPS (diluted)$4.71-21.0%

Balance sheet

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Cash & equivalents$2.6B+70.6%
Total debt$8.0B+25.0%
Total equity$12.4B+13.1%
Total assets$34.4B+5.9%

Cash flow

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Operating cash flow$309.0M+10,400%
CapEx$189.0M+16.7%
Free cash flow$120.0M+173%

Valuation

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Market cap$91.71B+79.6%
Enterprise value$97.13B+69.8%
P/E32.9×+16.3×
P/S2.7×+1.2×

Profitability

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Gross margin25.4%+0.1pp
Operating margin11.3%-0.4pp
Net margin8.2%-0.3pp
FCF margin7.9%+7.9pp

Returns & leverage

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Return on equity23.9%-5.0pp
Debt / equity0.6×+0.1×
Current ratio1.7×+0.4×

Where this comes from

Reported directly by Cummins in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The official record: Cummins’s 10-K, filed February 10, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cummins's total segment — capex?
Cummins (CMI) reported total segment — capex of $308.75M in Q4 2025.
How has Cummins's total segment — capex changed year-over-year?
Cummins's total segment — capex increased by 2.2% year-over-year, from $302M to $308.75M.
What is the long-term trend for Cummins's total segment — capex?
Over 3 years (2022 to 2025), Cummins's total segment — capex has grown at a 10.5% compound annual growth rate (CAGR), from $916M to $1.24B.
What does total segment — capex mean?
Capital expenditures represent the funds used by the segment to acquire, upgrade, and maintain physical assets such as property, plants, equipment, and technology. This metric is a primary indicator of the segment's investment in its future growth, operational capacity, and long-term maintenance requirements. It highlights the management's commitment to sustaining competitive advantage through infrastructure and manufacturing improvements.